VLW Shares definition
Examples of VLW Shares in a sentence
If, after the Effective Date and prior to the expiration of the Term of the proxy (as defined in Section 3.2), VLW shall have received a bona fide written offer (a "Third Party Offer") from a Third Party to purchase any of the VLW Voting Shares (the Shares subject to such offer being referred to as the "Offered VLW Shares") and VLW desires to accept such Third Party Offer, VLW may accept such Third Party Offer only after it has afforded CEA II, Ltd.
The term of this proxy shall be for a period commencing on the Effective Date with respect to the one million (1,000,000) Existing VLW Shares identified above in Section 3.1, and the "Deferred Proxy Effective Date" (as hereinafter defined) with respect to the balance of the VLW Voting Shares, and ending on June 30, 2003 unless on such date CEA II, Ltd.
VLW shall have no right to pledge, margin, hypothecate or otherwise encumber any of the VLW Shares, and any attempt to do any of the foregoing shall be null and void.
On the Effective Date, VLW shall produce the certificates representing the Existing VLW Shares and the shares purchased under the NWM/VLW purchase Agreement so that the legend set forth above may be added to such certificates.
In addition, VLW shall assure that each certificate for any VLW Shares acquired by VLW Corp.
Shares for an aggregate of one million (1,000,000) Existing VLW Shares, and effective upon the "Deferred Proxy Effective Date" (as hereinafter defined) as to the balance of the VLW Voting Shares (as hereinafter defined) (the "Deferred Proxy Shares"), VLW hereby grants to CEA II, Ltd., with power of substitution as set forth herein (CEA II, Ltd.